Canadian Western Bank: 1 director

A director at Canadian Western Bank sold 4,600 shares at 27.001CAD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Fabrity Holding S.A: 5 directors

Three Directors at Fabrity Holding S.A sold 102,566 shares at 40.000PLN. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...

VINCI : Un début d’année solide à défaut d’être brillant

>CA marginalement au-dessus des attentes (+2%) - VINCI a publié un CA marginalement au-dessus des attentes à 15.7 Md€, en hausse de 4.8% en réel et 4.2% à pcc (consensus à 15.4 Md€). Le groupe continue de profiter d’une très bonne dynamique de ses segments énergies/ Cobra et des aéroports. Le CA de VINCI Energies progresse de 5% (3.8% à pcc), soutenu par des marchés porteurs, de même que Cobra IS (+7.5% et 7.6% à pcc). VINCI Construction (+3.8% à pcc) profite d’une b...

Gram Car Carriers ASA: 1 director

A director at Gram Car Carriers ASA bought 100,000 shares at 266.000NOK and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...

Good orders, low equipment sales drive margin mix

Unusually strong Q1 order intake

Q1'24 results fast comment

Repsol : Résultat supérieur aux attentes mais baisse du FCF – Le group...

>Résultats T1 6.4% supérieurs aux attentes - Le résultat net ajusté du T1 s'est établi à 1267 M€ (+6% QoQ /-33% YoY) et 6.4% au-dessus du consensus (ODDO BHF: 1 067 M€ ; consensus : 1 191 M€), grâce à l’E&P et Industrial. E&P : la baisse du prix du gaz a pesé - Le résultat de l’E&P ressort à 442 M€, en baisse de 20% alors le brent est quasi-stable. En effet, la production du groupe (590 kbep/j) est dominée à hauteur des deux tiers par le gaz natur...

Subsea 7 : One of the rare pure players to play the acceleration in su...

>Outperform recommendation. Target price raised to NOK 220 - Post-publication and conference call, we are leaving our EBITDA forecasts for 2024-2026 unchanged. In our view, the group is well placed to: 1/ ride the coming acceleration in offshore capex (we look average annual market growth of more than 15% over 2023-2025e). 2/ and those in investment in renewables in the UK to reduce its reliance in the medium term on Russian gas and in the US under the IRA....

Holcim : And now the next stage and nothing else

>Q1 2024: more detail but not that much even so... - Comments on results are available in our flash of 25 April (“A decent start to the year”). From the conference call, we note a degree of optimism going forward after a slightly soft quarter due to challenging weather conditions and a negative working days effect. During the Q&A, management did not wish to share the volume/price or price/cost effects, arguing the high value-added products sold that are in particular ...

VusionGroup : T1 2024 en ligne et prises de commandes toujours bien or...

>Forte accélération des USA qui compense la baisse en Europe - Le T1 de VusionGroup ressort en ligne avec nos attentes avec une progression du CA de 12% y-o-y à 178 M€ (vs 176 M€e). En publié IFRS (post ajustement sur contrat WMT, sans impact cash pour rappel), le CA s’établit à 172 M€ i.e. +8% y-o-y. EMEA (60% du CA T1) est en baisse de 18% à 106 M€ considérant la fin progressive du déploiement Lidl qui contribuait largement au CA N-1. La zone Amériques et Asie-Pacif...

Befesa : Cautious guidance drives sell-off

>Q1 2024 in line with EBITDA expectations - Befesa reported its Q1 2024 results yesterday morning. Q1 EBITDA came in at € 49m, in line with expectations for stability relative to Q1 2023 (€ 50m), due to the impact of very negative zinc market prices in the quarter, given the higher average price level in Q1 2023 ($ 3,130/t) and the low price in Q1 2024 ($ 2,450/t) and a drop in Aluminium Metal margins of -€ 5m. These effects were almost all offset by lower treatment c...

Guerbet : CA T1 2024 : bonne performance commerciale

>CA T1 2024 : +8% : solide - Le CA T1 affiche une hausse de 8,1%, à 194,3 M€ (+8,8% à tcc.) et +7,6% en retraitant le premier trimestre 2023 afin d’intégrer Intrasense, consolidée depuis le 1/1/2023. L’EMEA est en baisse de 5,8% (-6,2% à tcc.), l’APAC progresse de 20% (+26,8% à tcc.) et les Amériques sont en hausse de 21% (+20% à tcc.). Les Rayons-X affichent +15%, l’IRM recule de 4%, et la RIT augmente de 4,4%.Le management a confirmé sa guidance (croissanc...

Range Resources Corp : 1 director

A director at Range Resources Corp sold 15,978 shares at 37.748USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...

Enough is enough

The FABG share is down 25% YTD vs. the sector at -7%. Valuation support from both NAV and CEPS. Up to HOLD (Sell), TP of SEK 90 reiterated.

Saint-Gobain : Dans l’inflexion, la vérité éclatera

>CA en ligne avec les attentes et amélioration des volumes sous-jacents - CA T1 2024 à 11 356 M€ (-8.5% en réel, -5.8% à pcc dont -1.1% en prix et -4.7% en volume) soit 1% au-dessus du consensus. En plus d’un léger recul des prix pénalisant la croissance organique, le groupe a enregistré une baisse de ses volumes de 4.7% (après -4.8% au T4 et -5.0% au T3) pénalisé par le logement neuf surtout en Europe. Au T1, les baisses de volumes ressortent à 9.3% (Europe du Nord) ...